LOLC Group extends its commitment to microfinance

Tuesday, 6 March 2018 00:00 - - {{hitsCtrl.values.hits}}

LOLC Group Managing Director/CEO Kapila Jayawardena presenting the cheque of the gold sponsorship to Lanka Microfinance Practitioners Association Honorary President Imran Nafeer and Lanka Microfinance Practitioners Association Manager Yasitha Munasinghe

The South Asia Micro-Entrepreneurs Network (SAMN), represented by Afghanistan, Bangladesh, India, Nepal, Pakistan and Sri Lanka, will hold its 3rd SAMN Biennial Conference in Colombo for the first time, on 6 and 7 March, at Cinnamon Lakeside.

SAMN, established in 2008 as a pan regional forum where South Asian pioneers learn from one another to move in a direction to strengthen regional collaboration and interaction, is identified as the thought leadership on financial inclusion in South Asia.

The LOLC Group, renowned for its distinctive and globally accepted Microfinance model has come on-board as Gold Sponsor of the 3rd SAMN Biennial Conference that probes the progress and explores the possibilities for accelerating financial inclusion, under the theme of ‘Deepening Financial Inclusion in South Asia’.

The two-day program will bring together leading Microfinance practitioners, donors, investors, research organisations and private sector players devoted to promoting inclusive finance, from the South Asian region with a view to exchange knowledge and stimulate debate. This exclusive gathering of financial inclusion stakeholders is envisaged to bring together more than 300 domestic and international speakers and delegates under one roof.

The SAMN Conference in Colombo will be hosted by the Lanka Microfinance Practitioners Association (LMFPA), the apex umbrella organisation of Sri Lankan microfinance institutions. The previous SAMN conferences were successfully held in Islamabad in 2014 and in Delhi in 2016.

LOLC’s uniquely effective microfinance business model and its success stories in countries such as Sri Lanka, Myanmar, Cambodia and Pakistan continues to transform and enable micro businesses to become Small and Medium level enterprises through sustainable industrialisation.

Commenting on the participation as sponsors for the conference, LOLC Group Managing Director/CEO Kapila Jayawardena stated: “We are truly delighted to have come forward to become a part of the SAMN Biennial Conference 2018 as Gold Sponsors and we look forward to an enlightening experience through unique networking opportunities and thought provoking discussions. The conference will provide a great platform for intellects and experts to share their experiences and strategies, and I hope that this programme will inspire future directions in financial inclusion which is a key enabler for alleviating poverty.”

LOLC which began as a non-bank financial institution has rapidly yet sustainably evolved to become one of the largest and most diversified conglomerates in Sri Lanka. The portfolio of the LOLC Group encompasses a wide spectrum, from financial services to leisure, plantations, trading and manufacturing, renewable energy and other strategic investments.

Today, LOLC is well positioned to remain on a high-paced growth trajectory, mainly by expanding the positive impact on the lives of thousands of people through its multi-geographic footprint in microfinance.